Entry level investing returning 261.80 per week
Large one bedroom apartment with open kitchen, meals and family room. Top floor with balcony.
Apartment has recently been repainted, re-carpeted, with kitchen upgrades and tiling.
Total floor area of 63m2 + Carpark on title.
|Lot||Asking Price||status||Gross Return||Net Return||Weekly Return||Annual Rent|
** Net yields do not include any upcoming refurbishment obligations.
Current Rent: $261.80 per week ($13,613 per annum)
Current Return: 7.16% gross
INCREASES AS FOLLOWS:
Oct 2018- $14,157- 7.44% gross
Oct 2019- $14,723- 7.74% gross
Oct 2020- $15,312- 8.05% gross
Oct 2021- $15,925- 8.37% gross
Lease Terms: Lease 30/09/2022 plus 6 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2022)
Tamworth boasts a busy year round calendar of events and festivals, locally grown food and wine, country experiences, outdoor recreation and vibrant heritage, museums and arts.
A solid investment apartment in a region that attracts residents, investors, workers and visitors alike.